Price2Value

RBI being empowered to resolve bank NPAs.

Govt plans legislation that will enable RBI to issue directions to banks on dealing with stressed assets, particularly on the top 50 NPA accounts. So far, banks had been reluctant to resolve NPAs through settlement schemes or sell bad loans to asset reconstruction companies for fear of being hauled up by investigating agencies.

Impact: Lower NPAs will encourage banks to lend more and to lower interest rates further, which will encourage private investment - badly needed to speed up growth, and also lead to higher revenue growth for banks. Profitability will rise due to operating leverage. Cleaner books will lead to investors giving a higher P/B multiple. Overall a very positive impact for banks.

Investment lessons from Sachin Tendulkar's career:
1) It pays to start early - The Master Blaster started his career at the early age of 16.
2) Stay focused on achieving your financial goals - Sachin was focused solely on attaining his dream.
3) Keep emotions like greed or fear under control - Whether it was a big hundred or a duck, Sachin never overplayed his emotions on the field.
4) Do your homework - It was only through commitment and hard work that Sachin won the heart of millions
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Astra Microwave (mid-cap company in Defence sector): Increase in domestic biz vs. exports drove Rev by 15%, PAT by 250% YoY in Q4 -more at http://www.price2value.in